Global Cement News

Malaysia: Bank CIMB Group Holding Berhad has published sustainable finance targets for its lending to cement sector clients. Islamic Finance News has reported that the institution will reduce the emissions intensity of loans to cement producers by 36% to 720,000t per tonne of cementitious product by 2030 from 460,000 at present.

CIMB Group Holding Berhad recently doubled its sustainable finance target to US$13m by 2024, from US$6.48m.

Australia: Fremantle Ports has broken ground on its construction of a new US$35.1m cement terminal at Kwinana Bulk Terminal in Western Australia. Business News Western Australia has reported that contractor COVA-Haywards will build a 40,000t-capacity clinker storage dome at the site. The terminal will supply BGC and Cockburn Cement's local grinding operations. Commissioning is scheduled for 2024.

State development minister Roger Cook said"It will significantly improve our capability to move clinker faster, more safely and with very significant environmental benefits, and provide the capacity for the port facility to accommodate future trade growth. It's a great example of planning assets to integrate the state-owned port with adjacent private facilities, with benefits for all."

France: HeidelbergCement subsidiary Ciments Calcia plans to lay the first stone of a major upgrade project at its Airvault cement plant on 5 October 2022. The event will mark the start of the construction phase of a new 4000t/day clinker production line, according to La Nouvelle République newspaper. The Euro300m project will be built by Germany-based ThyssenKrupp.

Germany: Heidelberg Materials says it is considering shutting down plants in Germany due to the high cost of gas and electricity. In comments reported by Reuters chief executive officer Dominik von Achten said, "If power prices won't come down sustainably, we would have to take individual plants in Germany completely off the grid. That's what we have prepared for." He added that the company is shifting production to times and days when power prices are lower including at the weekend. However, changing staff shift patterns has required ongoing discussions with labour unions.

The building materials company expects its energy bill to rise by around half year-on-year to over Euro3bn in 2022. It has called on the German government to place a cap on energy prices despite measures the company has already taken to protect itself from soaring costs, such as using alternative fuels.

Spain: Sustainability Observatory's Decarbonisation 2022 report has named FCC, Cemex and Holcim on a list of Spain's top 10 CO₂ emitters. Construction conglomerate FCC, parent company of Cementos Portland Valderrivas, was the seventh largest contributor the country's CO₂ emissions during the year. Mexico-based Cemex placed joint eighth with energy provider Iberdrola at 2.4Mt-worth of CO₂ emissions in 2021, followed by Switzerland-based Holcim with 2Mt.

Spanish CO₂ emissions grew by 5.1% year-on-year in 2021, and by 3% across industries subject to emissions credit trading, which include the cement sector. Together, the top 10 emitters accounted for 57% of these industries' emissions, and 19% of total national emissions.